Personal Finance

FIRE

FIRE is an acronym for Fuck It, Relax and Enjoy. I do not have a specific target for net investable assets (NIA) to declare FIRE as there are certain things that I personally wish to accomplish before leaving my corporate job. I expect to work until my late 40s. My NIA will likely reach 8 figures by then.

7/15/19 – My net worth will reach $2 million during 2020 and $5 million by the end of 2023 if everything goes well. Although I have optimistic return expectations on my investments, I still need to confirm that my investment strategy really works before going all in. The feeling of walking a tightrope between risk and reward will never go away until then.

1/2/20 – My 2020 forecast is based on optimistic projections for future returns. I estimated an annual rate of return of 30% on LexShares and 13% on YieldStreet. I do not include W-2 income because it will be offset with large medical expenses this year.